Homes for sale - 241 N Park View ST, Los Angeles, CA 90026

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Louis DiGonzini

ldigonzini@thedigonzinigroup.com +1(949) 922-8420

$ 1,195,000

Est. payment | -/mo

4 Beds

3 Baths

2,592 SqFt

Save

$ 1,195,000

Est. payment | -/mo

Save

4 Beds

3 Baths

2,592 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,592 sqft

Price per Sqft $461

MLS Listing ID 24451563

Bedrooms 4

HOA Y/N No

Year Built 1911

Lot Size 7,440 Sqft

Property Description

We are pleased to present 241 N Park View St, a rare FULLY VACANT triplex in the Historic Filipinotown submarket of Los Angeles, just south of the 101 freeway and Echo Park. Built in 1911, 241 N Park View St consists of two separate structures totaling 2,592 rentable square feet that is situated on 7,442 square feet of LARD1.5 zoned land with a Tier 2 TOC density bonus. The unit mix consists of 1 two-bedroom unit located in the rear house and 2 one-bedroom units located in the front duplex which offers a driveway for onsite tandem parking. Being delivered 100% vacant presents the next investor a unique opportunity to immediately reposition the property and provides flexibility for determining unit rehab finishes and new tenant selection to ultimately stabilize the property at market rents, making this an excellent investment for any type of investor. As a market rate development site, the Seller has preliminary plans that have been submitted to LADBS for a 7-unit market-rate development. Numerous reports are available for Buyer's review, including survey, soils reports, etc. As an ED1 development project, there's potential to build up to 35- 40 units for 100% affordable housing. By utilizing the ED1 legislation, there is an expedited approval process.

Location

State CA

County Los Angeles

Area C21 - Silver Lake - Echo Park

Zoning LARD1.5

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Parking Features Driveway

Total Parking Spaces 5

Building

Story 1

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5157007023

Special Listing Condition Standard

Listed by Casey Lins • Kidder Mathews of California, Inc.

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 922-8420

ldigonzini@thedigonzinigroup.com

260 Bakerstreet East Suite #200, Costa Mesa, California, 92626, USA

241 N Park View ST Los Angeles, CA 90026